Updated Sep 22, 2026
Brian White Of Flagship Healthcare Properties Acquires Medical Office In Hickory For $51M
2424 Century Place Southeast
$51,000,000
$551/SF
Building Size
92,516 SF
Asset Type
Medical Office
Closing
Sep 21, 2026
About this deal
AI
Flagship Healthcare Properties acquired a 92,516-square-foot medical office building and ambulatory surgery center located at 2424 Century Place Southeast in Hickory, NC, for $51 million. The property is anchored by Graystone Eye and represents Flagship's largest acquisition to date. Financing for the acquisition was secured through Fifth Third Bank.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $51,000,000
- Address: 2424 Century Place Southeast
- Market: Hickory, NC
- Square Footage: 92,516
- Price Per Square Foot: $551
- Buyer: Brian White - Flagship Healthcare Properties
- Seller: Graystone Eye
The acquisition involved key players including Brian White, representing Flagship Healthcare Properties, and Graystone Eye as the selling entity. This transaction reflects significant financial engagement in the medical office sector by Flagship Healthcare Properties.
On the Map
$51,000,000
$551/SF
Medical Office
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Players
Hickory Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93